Joint Tenancy A joint tenant has an ownership interest in the property that is equal to the interest of the other joint tenants. For example, four joint tenants of the same property each own one-fourth of the property. With other tenancy types, such as tenants in common, tenants may own ...
Joint tenancy can become a regrettable deedLeonard Groupe
or mortgage his or her interest without the consent of the co-owners. The new owner simply becomes a tenant-in- common with the other owners. When property is held as tenants-in-common, there is no right of survivorship. So unlike joint tenancy, the disposition of the property can be sp...
An Affidavit of Joint Tenancy ensures property rights transfer smoothly upon the death of a co-owner. Avoid probate with a legally compliant affidavit...Open Certification of Trust A Certification of Trust verifies the existence of a trust without disclosing private details. Required for banking, re...
(such as California). Similar to joint tenancy, each person owns an undivided interest in the entire property and when one spouse dies the survivor automatically receives the entire interest, thereby avoiding the need for probate. As with joint tenancy property, property titled as community ...
Three parties owned a house under joint tenancy, one party quit claimed his share into a revocable trust, without telling the other two parties. The person who quitclaimed subsequently died, with his widow revealing this info upon his death. Is it legal for her to quit claim property back ...
The owners no longer have a joint tenancy with right of survivorship. Instead, the owners will hold title as tenants in common under the rule described above. If the owners hold title as joint tenants with right of survivorship and all owners sign the TOD deed, then the deed will transfer...
property to the original owner and the new co-owner. The deed must choose aform of co-ownershipthat includes aright of survivorship. Florida recognizes two co-ownership forms with a right of survivorship: joint tenancy with right of survivorship and (for married couples only) tenancy by the ...
There are numerous other types of deeds, including joint tenancy deeds, corporation deeds, easement deeds, water deeds, timber deeds and mineral rights deeds. These types of deeds are customized deeds that may have unique qualities which vary in accordance with state law. To draft such deeds, ...
Another method of transfer is holding property in joint tenancy, which allows the property to pass automatically to the co-owner(s) upon the death of one owner. Final Thoughts on Quitclaim Deeds Quitclaim deeds offer a quick, simple way to transfer property ownership, particularly between trusted...